Standard Bank Namibia

Commercial bank in Namibia

Standard Bank Namibia LimitedCompany type| Public

|

Traded as

| NSX: SNO[1]
Industry| Banking
Finance
Founded| August 15, 1915; 108 years ago (1915-08-15)
Headquarters| 1 Chasie Street
Kleine Kuppe
Windhoek
Namibia

Key people

| Herbert Maier (Chairperson)
Mercia Geises (CEO, managing director)
Products| Commercial and Investment banking

Net income

| NAD:361,882,000 (US$:25,576,700) (2020)[2]
Total assets| NAD:33,309,509,000 (US$2,354,220,000) (2020)[2]

Number of employees

| 1,900+ (2019)
Website| www.standardbank.com.na

Standard Bank Namibia Limited, commonly referred to as Standard Bank Namibia, is a commercial bank in Namibia. It is licensed, supervised and regulated by the Bank of Namibia, the central bank and national banking regulator.[3] Since 19 November 2019, the stock of the holding company of this bank, going by the name Standard Bank Namibia Holdings Limited is listed on the Namibian Stock Exchange (NSX), where it trades under the symbol SNO.[4][5]

SNO and its subsidiaries are members of the Standard Bank Group, a financial services conglomerate, headquartered in South Africa, with subsidiaries in 20 African countries, and with total assets worth nearly US$143 billion, as of 31 December 2020.[6]

## Overview[edit]

Standard Bank Namibia Limited is a large financial services organisation in Namibia. As of 31 December 2020, SNO had assets valued at NAD:33,309,509,000 (US$:2,354,220,000), with shareholders' equity of NAD:3,720,927,000 (approximately: US$262,984,000). At that time, the institution employed in excess of 1,500 people in 63 interlinked brick-and-mortar branches and maintained 372 automated teller machines.[2]

## Ownership[edit]

The shares of stock of Standard Bank Namibia Holdings Limited are listed in the Namibian Stock Exchange, where they trade under the symbol SNO. The ownership in the company stock is as illustrated in the table below:[7]

Standard Bank Namibia Holdings Limited Stock Ownership  Rank | Name of Owner | Percentage Ownership | Notes

|
|
|

1 | Standard Bank Group |

75.9

| [7]
2 | Public and Private Investors via the NSX |

24.1

| [7]

## Governance[edit]

As of May 2021, the chairman of the Board of Directors of Standard Bank Namibia Holdings Limited, is Herbert Maier, a non-executive director. The managing director and chief executive officer is Mercia Geises.[5][6]

## See also[edit]

* Economy of Namibia
* Standard Bank of South Africa
* List of banks in Namibia

## References[edit]

1. ^ "Listed Companies".
2. ^ a b c Standard Bank Namibia (24 March 2021). "Standard Bank Namibia Limited: Annual Report For Twelve Months Ending 31 December 2020" (PDF). Windhoek: Standard Bank Namibia Limited. Retrieved 8 May 2021.
3. ^ Bank of Namibia (8 March 2021). "Licensed Commercial Banks In Namibia". Windhoek: Bank of Namibia. Retrieved 8 May 2021.
4. ^ Namibian Stock Exchange (8 May 2021). "Listed Companies on the Namibian Stock Exchange". Windhoek: Namibian Stock Exchange. Retrieved 8 May 2021.
5. ^ a b New Era (19 November 2019). "Standard Bank listing increased NSX market cap by N$4.6 billion". New Era. Windhoek. Retrieved 8 May 2021.
6. ^ a b Standard Bank Group (10 March 2021). "Standard Bank Group: Annual Financial Statements For The Year Ending 31 December 2020" (PDF). Johannesburg: Standard Bank Group. Retrieved 8 May 2021.
7. ^ a b c Standard Bank Namibia (March 2020). "Standard Bank Namibia Holdings Annual Report 2019" (PDF). Windhoek: Standard Bank Namibia Limited. Retrieved 8 May 2021.

## External links[edit]

* Official Website

Authority control databases |

* VIAF

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